TAXES: To Arms

When Tax Expert Beardsley (pay-as-you-go) Ruml
went to Washington two months ago to denounce an excess profits tax,
Senators told him an astounding fact. Though most businessmen believed
that such a tax was unfair, unsound and wasteful, few besides Ruml had
taken the trouble to fight it. Reason: they saw no hope of beating a
tax as politically popular as it is economically unsound (TIME, Oct.
2).

Beardsley Ruml thought differently. Back in Manhattan, he set about
rounding up businessmen and raising money ($125,-ooo to date) for the
battle, which begins this week when the House Ways & Means...